Treasury and Receivables Account Officer at Elite Talent Placements

Elite Talent Placements is a premier recruitment agency known for connecting top talent with exceptional opportunities. We specialize in identifying and placing high-caliber professionals in key roles that drive business success. Our commitment to excellence and personalized approach ensures that both our clients and candidates achieve their goals.

We are recruiting to fill the position below:

Job Title: Treasury and Receivables Account Officer

Location: Makun City, Lagos
Employment Type: Full-time
Industry: Manufacturing

Description 

• We are seeking a meticulous and skilled Treasury and Receivables Account Officer to oversee essential financial operations and ensure the smooth management of cash flows and banking activities. If you have a strong grasp of accounting principles and are adept with financial software, this role is perfect for you!

About the Role

• As the Treasury and Receivables Account Officer, you will be responsible for managing the company's bank accounts, cash flow, and petty cash. Your role will involve reconciling bank statements, preparing cash plans, managing loans, and ensuring compliance with financial regulations. You will play a crucial role in maintaining accurate financial records and providing timely financial reports.

Key Responsibilities
Management of Company Bank Account:

• Efficiently manage the company's bank accounts.
• Oversee banking operations to ensure funds are appropriately banked.
• Perform bank reconciliations and ensure conformity with IFRS standards.

Cash and Cashflow Management:

• Prepare daily, weekly, and monthly cash plans for management decision-making.
• Communicate cash plans to relevant units and manage vendor communications.
• Handle the company's cash management system and payment mechanisms.

Petty Cash Management:

• Maintain and track petty cash funds and disbursements.
• Ensure timely posting of disbursements into the ERP system.
• Monitor staff cash advances and ensure timely retirement, communicating with HR as necessary.

Loan Management:

• Document loan details and covenants, ensuring compliance and timely repayment.
• Maintain loan schedules and manage loan profitability.
• Develop plans for setting aside loan amounts in advance and provide relevant interest and debt analysis.

NXPs (Non-Delivery Payment) Management:

• Prepare and manage NXPs through the shipment process.
• Reconcile NXP balances with banks and manage date extensions as needed.

Regulatory Compliance:

• Ensure compliance with treasury regulations and tax planning.
• Maintain financial records and adhere to financial laws and regulations.
• Practice confidentiality and manage all financial documentation.

Reports:

• Provide weekly and monthly bank reconciliations, cash plans, and loan repayment schedules.
• Track cash advances and update cashflow reports to reflect current realities.

What We Are Looking for

• Bachelor’s Degree in Accounting, Finance, or related field.
• Relevant experience in treasury and receivables management.
• Familiarity with financial regulations and compliance.
• Solid understanding of basic accounting principles, cash flow management, and record keeping.
• Hands-on experience with spreadsheets and ERP software, preferably Odoo.
• Proven ability to manage accounting figures, financial records, and reconcile statements.
• Excellent organizational, communication, and problem-solving skills.
• Strong ethical standards and attention to detail.

Budget

• N2,400,000 Gross per annum.

Why Join Us?

• Opportunity to work with a reputable organization.
• Supportive work environment with growth opportunities.
• Be part of a team committed to financial excellence and integrity.

Application Closing Date
22nd October, 2024.